Caterpillar (CAT) Revenue — Quarter Ended Jun 30, 2024
Revenue decreased compared with the same quarter one year earlier. The company reported lower sales of Machinery, Energy & Transportation, while revenues of Financial Products increased.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue decreased compared with the same quarter one year earlier. The company reported lower sales of Machinery, Energy & Transportation, while revenues of Financial Products increased.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$16.7B
Revenue reported for this quarter.
Quarter-over-quarter
+5.6%
Change from the immediately preceding quarter.
Year-over-year
-3.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$66.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $16.8B | +12.1% |
| Dec 31, 2023 | $17.1B | +2.8% |
| Mar 31, 2024 | $15.8B | -0.4% |
| Jun 30, 2024 | $16.7B | -3.6% |
Revenue performance
Total sales and revenues declined year over year, driven by a decrease in Machinery, Energy & Transportation sales, partially offset by higher Financial Products revenues.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased. However, versus the same quarter one year earlier, revenue was lower.
What to watch
Monitor the trend in Machinery, Energy & Transportation sales, which declined both sequentially and year over year, as it is the primary revenue driver.